Updated over 4 years ago on . Most recent reply
Investing in commercial real estate
Hey guys! My name is Jacob and I’m just learning about commercial real estate and the ability it has to set you financially free. My question is, with me wanting to get into storage facilities; how would one go about getting hard money loan or partnership with no real connections or experience yet?
Most Popular Reply
One of the pros of asset based lending,' hard money' lending, is that the deal matters more than the borrower. If you have a good deal that cashflows and you have enough to put down speaking very generally, you are lendable. Stabilized self storage for example can be funded with an SBA loan.
Same thing with a partnership. A good deal will attract people with money who want to work with you.
The most important things you can do are: 1. Network with people who are actively looking for deals and 2. Find good deals.